Washington–Insurance companies who administer the National Flood Insurance Program but do not assume risk would find themselves shouldering some of the burden of future losses under proposals suggested to a Senate panel today.

In a hearing of the Senate Committee on Banking, Housing and Urban Affairs on Tuesday, lawmakers examined the present and future of the National Flood Insurance Program, taking a critical look at the state of current reform efforts and the potential for easing the costs of the program.

J. Robert Hunter, the director of Insurance for the Consumer Federation of America, suggested that lawmakers require insurers to put "skin in the game" and bear some of the risk of flood exposure, which committee chairman Sen. Richard Shelby, R-Ala., noted would help shift the burden off the taxpayers.

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